TechCrunch

DECEMBER 5, 2022

OneOrder , Egypt’s supply chain solutions provider for restaurants, has raised $3 million seed funding led by Nclude with participation from A15, and Delivery Hero Ventures. The latest funding brings the total funding raised by the startup to $10.5. We are exploring Saudi Arabia and expanding south into our continent.

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TechCrunch

DECEMBER 6, 2021

Tamatem will use the latest funding to amplify its efforts by bringing various games with more popular titles to the Arabic-speaking market. The startup will hire local talents in Saudi Arabia to expand further. The gaming industry is booming in Saudi Arabia, with about 70% of Tamatem’s users, Hammo noted. .

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TechCrunch

OCTOBER 19, 2022

Last year, MaxAB , the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches ; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. For MaxAB, that’s its sweet spot.

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TechCrunch

AUGUST 23, 2022

Dubai-based Zywa, a neobank for Gen Z, plans to fuel its growth in the United Arabs Emirates (U.A.E), and to kick-start its expansion to Saudi Arabia and Egypt after raising $3 million seed funding at over $30 million (110 million AED) valuation.

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TechCrunch

DECEMBER 8, 2020

The company’s threat detection platform — its moneymaker — helps companies with industrial control systems defend against hackers trying to get into important operational systems. Lee said the company’s priority had been to work on its threat platform, and less selling it.

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TechCrunch

MARCH 8, 2021

As the restaurant industry across different cities was massively hit by the pandemic-induced lockdowns last year, food aggregator platforms helped by driving online customers to them. Here’s how the platform works. Since launching in Egypt, Koinz has expanded to Saudi Arabia and the UAE. million seed round.

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TechCrunch

MAY 24, 2021

Today his startup — which builds AI-based personalized learning, including test prep, for students — is announcing a major funding round to help it position itself as a player in that process. Seoul-based Riiid has closed a funding round of $175 million, an equity round coming from a single backer, SoftBank’s Vision Fund 2.

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TechCrunch

MARCH 6, 2022

Tabby , the Dubai-based buy now, pay later (BNPL) platform that lets users shop, pay later and earn cash from over 3,000 global brands, including Adidas, IKEA and Bloomingdale, has completed a Series B extension of $54 million. Its two main markets are Saudi Arabia and the UAE. The company has over 1.1

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TechCrunch

FEBRUARY 3, 2022

That has accelerated card acceptance –– with 90% card acceptance rates in the UAE and Saudi Arabia by some estimates — in the region. It is gearing up to formally launch in the UAE and Saudi Arabia in the coming weeks. Egypt’s Paymob closes $18.5M Series A to expand payments services across MENA.

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TechCrunch

FEBRUARY 6, 2023

One such platform that is helping consumer brands leverage their data to grow is Gameball , a customer intelligence and marketing CRM platform, that was launched in 2020 by egyptian entrepreneurs Ahmed Khairy (CEO) Ahmed El Assy (CPO), and Omar Alfar (CTO). Gameball’s expansion drive is backed by a $3.5 Gameball raises $3.5M

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TechCrunch

FEBRUARY 7, 2023

Following this growth, it is planning on expanding to Egypt and the UAE, while doubling down on Saudi Arabia, against the backdrop of $5 million pre-Series A funding it has raised, in a round led by Europe-based VC Speedinvest, which marked its debut into Saudi Arabia, and RAED Ventures, with participation from MENA focused VC firm Wamda Capital. “We

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TechCrunch

DECEMBER 9, 2021

In the latest development, Sympl , an Egyptian fintech founded only five months ago, announced today that it has picked up $6 million in seed funding following a soft launch in October. The platform is an evolution of customers’ checkout experience. Saudi Arabia. . “It It plans to reach 1,000 stores by mid next year.

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TechCrunch

AUGUST 23, 2022

Singularity Growth Opportunity Fund led the Mumbai-headquartered startup’s Series D funding. AmTrust and family offices including Pidilite and existing investors Iron Pillar, Beenext, Blume Ventures and DMI Sparkle Fund also participated in the round. Servify is also looking to deploy the fresh funds to buy smaller firms.

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TechCrunch

NOVEMBER 15, 2021

based fintech Nomod allows these businesses to bypass the card terminal by providing a platform to accept card payments on their phone with no extra hardware. million in seed funding at a valuation of $50 million. In Saudi Arabia, for instance, only 3% of more than 1 million registered businesses have access to bank credit.

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TechCrunch

OCTOBER 7, 2021

The acquisition comes after the company’s latest $175 million Series D round from SoftBank’s Vision Fund 2 in May. Riiid has said it will continue to fuel its global expansion with the funding. . Byju’s acquires coding platform Tynker for $200 million in US expansion push. Canada, Brazil, and Vietnam. .

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TechCrunch

MAY 31, 2022

Appetito , the Egyptian platform that delivers groceries and household products to customers from 11 dark stores across three cities in the North African country, is acquiring Lamma , an identical startup with operations in the Maghreb regions of Tunisia and Morocco. . The deal is expected to close by the end of Q3 2022.

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TechCrunch

JULY 28, 2021

After its Egypt launch, Swvl expanded to Kenya, Pakistan, Jordan and Saudi Arabia. In the Middle East, Swvl joins music-streaming platform Anghami as the second startup to go public via a SPAC merger. The company also moved its headquarters to Dubai as part of its strategy to become a global company. billion on the NYSE.

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TechCrunch

MAY 17, 2021

. “So I was always thinking, how come if we want the e-commerce to grow, and we don’t have any strong company when it comes to last-mile because, in the end, every transaction on an e-commerce platform is a transaction on a courier platform.” Bosta completes more than 300,000 deliveries per month, which is a 3.5x

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TechCrunch

FEBRUARY 28, 2022

Volopay’s platform provides startups and enterprises flexibility by issuing virtual and/or physical prepaid multicurrency corporate cards in their local currency (SGD, AUD, INR, IDR, PHP, etc) with up to 5% cashback on all card transactions. Volopay’s Series A round, for example, was led by JAM Fund, an existing investor.

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TechCrunch

AUGUST 10, 2022

Prosperity7, the venture capital arm of Saudi Arabia’s state oil company Aramco, led the new capital infusion. The fund has been actively scouring for opportunities in and around China that can scale globally and particularly in the Middle East.

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TechCrunch

JUNE 28, 2022

The last time we covered Vezeeta was in 2020, when it raised $40 million in Series D funding (the joint largest single healthtech round in Africa alongside Reliance Health ) from Gulf Capital and Saudi Technology Ventures (STV). Other platforms globally, as reported by Layoffs.fyi , include the likes of PharmEasy, Sami and Truepill. .

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TechCrunch

JUNE 9, 2022

AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF) and French-based development finance institution Proparco, co-led the early-growth round. The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and Saudi Arabia.

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TechCrunch

SEPTEMBER 5, 2022

The Singapore-based company announced today it has raised $44 million in Series C funding led by returning investors Itochu Corporation, which put in $32 million. The company says that so far, its platform has enabled doctors to earn a total of 4.2 It recently launched in Taiwan, where more than 2,000 doctors have signed up so far.

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TechCrunch

JULY 22, 2021

The new funds follow a period of significant growth for the mobile tool, which is now used by more than 500,000 people per month and has achieved a $4 million-plus annual run rate in a year’s time. The finished results can then be shared out to other platforms, like Instagram, Snapchat and TikTok. Image Credits: VOCHI.

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TechCrunch

FEBRUARY 17, 2022

While incumbents have pioneered various enterprise resource planning (ERP) systems to digitize these processes, companies would still get four to five different software platforms to complete multiple tasks. CDG Invest, Y Combinator, Flexport, Swiss Founders Fund, Outlierz Ventures, and a few angel investors from the U.S.,

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TechCrunch

JANUARY 17, 2023

According to a statement shared by the Dubai-based company, the funding will be used to expand Tabby’s product line into a plethora of consumer financial services and support the company’s growing operations that now include Egypt. Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation.

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TechCrunch

JUNE 6, 2022

Aside from Bahrain, Qatar, Turkey and the United Arab Emirates, Fenix also has a presence in Saudi Arabia, specifically with its shared and subscription scooter service. Otherwise, the company is mainly relying on profits from its core micromobility business to fund these new business lines. Image Credit: Fenix.

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TechCrunch

MARCH 22, 2022

When it raised in September, Jeeves — which describes itself as “an all-in-one corporate card and expense management platform for global startups” — was valued at $500 million. In the short term, it’s eyeing Southeast Asia, and potentially Saudi Arabia and Africa.

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TechCrunch

MARCH 27, 2022

There has been much talk as of late of a slowdown in venture funding. In fact, it describes itself as the first “cross country, cross currency” expense management platform. It’s also eyeing Southeast Asia and potentially Saudi Arabia and Africa. The tech behemoth is clearly encroaching into fintech territory.

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TechCrunch

AUGUST 28, 2022

This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. Rowe Price reduced the value of its stake in Stripe, part of its Global Technology Fund, the latest reduction in its worth is not unique. Fundings and M&A. Seen on TechCrunch.

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TechCrunch

OCTOBER 27, 2022

Last month, Egyptian B2B e-commerce platform Capiter made headlines after founders Mahmoud Nouh and Ahmed Nouh were ousted by its board as CEO and COO. Founders of well-funded Egyptian B2B startup Capiter fired following fraud allegations. Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA.

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The Verge

DECEMBER 23, 2020

Whatever the reason, Canoo now has a few hundred million more dollars to play with and, theoretically, easier access to raising more money as it tries to bring its electric delivery vehicle platform to market in the next few years. Canoo is just one example. But he said he was wary it would bring in too much money.

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TechCrunch

APRIL 27, 2023

The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. Investors on Blossom Finance’s platform pool their money into funds, or cooperatives, which are then managed by microbanks. Meanwhile in Malaysia, where 61.3% out of its 33.6

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TechCrunch

AUGUST 11, 2023

The Tesla and SpaceX CEO first announced his bid to buy Twitter in April 2022, zealously driven to rid the platform of spam bots and protect free speech. Even for one of the richest men in the world, $44 billion is a lot of money to cough up to buy a middling social platform. By October, the platform was his.

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TechCrunch

MAY 25, 2022

Esaal, one such platform that has witnessed immense growth in the last two years, is announcing a $1.7 million seed investment from A15; this brings its total funding raised from the VC firm to $3 million since its launch in 2018. Esaal has enlisted over 350 consultants on its platform.

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TechCrunch

APRIL 8, 2021

Other investors include Egyptian investment fund A15 and Dutch development bank FMO. The platform helps online and offline merchants to accept payments from their customers via several products and solutions. After its first $54M fund, Algebra Ventures launches $90M fund for startups in Egypt. The total raise of $18.5

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Beth's Blog: How Nonprofits Can Use Social Media

MARCH 19, 2012

E-Mediat is funded by the Middle East Partnership Initiative (MEPI) of the United States Department of State with support and in-kind donations from Microsoft, Cisco and craigslist Charitable Fund. N2VLabs provides support for the best of the best Arabia geeks who have a promising technology idea or social platform.

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